Bizizz Market Research has recently published a research report, “Pharmaceutical Glass Packaging Market By Product (Vials, Bottles, Cartridges and Syringes, Ampoules), by Drug Type (Generic, Branded, Biologic) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Pharmaceutical Glass Packaging Market was valued at US$ XX BN in 2018 and it is anticipated to reach at market value of US$ 24.94 BN by 2027, witnessing a CAGR of 6.4 % during the forecast period. Escalation in percentage of utilization of generic drugs, rapidly developing pharmaceutical industry and rise in access to healthcare services are the key drivers of the market. However, circumstances such as the absence of consciousness regarding pharmaceutical glass packaging in some emerging countries and the accessibility of substitutes are limiting the growth of global market.
The pharmaceutical industry is increasing at an accelerated rate in developing nations. Advanced production techniques and technical improvements have resulted in hurried evolution of the industry. This evolution of the pharmaceutical industry is propelling the pharmaceutical glass packaging market. Furthermore, the increasing usage of generic drugs and rising access to healthcare facilities are anticipated to stimulate the growth of the market. Moreover, rising governments’ drive to make generic medicines to promote the acceptance of these medications against chronic disorders is predicted to impel the market growth in the course of the forecast period.
The Pharmaceutical Glass Packaging Market Is Anticipated To Register A CAGR Of Over 6.4% During The Forecast Period.
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By End User, Ampoules Based Pharmaceutical Glass Packaging Market Segment Held A Prominent Share In Global Pharmaceutical Glass Packaging Market In 2018.
By Product, the pharmaceutical glass packaging market is categorized into cartridges and syringes, bottles, vials, and ampoules. Ampoules subdivision is projected to observe the fastest growth, while bottles is expected to hold the largest market share. In glass ampoules, drug comes in contact only with the glass, and the packing is 100 percent tamper-resistant. Thus, from last few years, these ampoules are extensively employed in packing injection medications.
North America Is Anticipated To Dominate The Global Pharmaceutical Glass Packaging Market During The Forecast Period.
North America commands the global pharmaceutical glass packaging market as a result of technical improvements and the requirement for pharmaceutical commodities in the region. Additionally, rising consciousness about the advantages of utilizing glass packaging for pharmaceutical goods and developed healthcare amenities are boosting the North American market for pharmaceutical glass packaging.
The global pharmaceutical glass packaging market is fragmented among several global and regional players. The companies are engaged in strategic merger and acquisitions which will help them in strengthening their foothold in global market.
Prominent players operating in the Global Pharmaceutical Glass Packaging Market are: Arab Pharmaceutical Glass Co, Ardagh Group, Gerresheimer AG, Schott AG, Stevanato Group S.p.A., SGD Pharma, Şişecam Group, Shandong Pharmaceutical Glass Co., Ltd., Bormioli Rocco Pharma, Stölzle-Oberglas Gmbh, Piramal Glass, Beatson Clark, Nipro Corporation, and Corning Incorporated.among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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